PKO Investment Management Joint Stock Co Sells 5,000 Shares of Starbucks Corporation $SBUX

PKO Investment Management Joint Stock Co lowered its stake in Starbucks Corporation (NASDAQ:SBUX) by 12.5% during the first quarter, Holdings Channel.com reports. The fund owned 35,000 shares of the coffee company’s stock after selling 5,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Starbucks were worth $3,136,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SBUX. Norges Bank bought a new position in Starbucks in the fourth quarter valued at approximately $1,232,650,000. Capital Research Global Investors boosted its holdings in shares of Starbucks by 11.4% in the 3rd quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock valued at $7,229,968,000 after buying an additional 8,774,198 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Starbucks by 65.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after buying an additional 7,725,547 shares in the last quarter. Capital World Investors increased its holdings in Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after buying an additional 7,007,268 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Starbucks by 146.6% during the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after buying an additional 3,596,014 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of SBUX opened at $100.15 on Tuesday. The company’s 50-day moving average is $101.06 and its 200-day moving average is $95.34. The firm has a market capitalization of $114.14 billion, a PE ratio of 75.87, a PEG ratio of 2.00 and a beta of 0.98. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. Starbucks’s revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Citizens Jmp started coverage on Starbucks in a report on Monday, March 30th. They set an “underperform” rating and a $84.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a report on Wednesday, April 22nd. Zacks Research raised Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group initiated coverage on Starbucks in a research note on Thursday, May 14th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.59.

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares in the company, valued at $6,053,565. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the completion of the transaction, the chief executive officer directly owned 79,593 shares in the company, valued at $7,959,300. The trade was a 0.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,687 shares of company stock valued at $863,707 over the last 90 days. Company insiders own 0.03% of the company’s stock.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.